The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-05-17
CONDITION OF THE MARKETS
Wheat Higher, All the Spectators
Showing Great Anxiety to Purchase.
The June Option Advances to soc. but Finally
Settles Back Half Cent-Corn Opens Eas-
Ter, but an Advance Speedily Follows.
MONEY, BONDS AND STOCKS.

A Ouiet Day in New York the "Eulr' Senti-
ment Pred"minating Among Spectators.
NEW YORK, NAV 16.-Money call was
easy at 305 per cent. closing offered at per
cent.
Prime mercantile paper. sat per cent
Sterling exchange was dull but steady at
s4.s54 for sixty days and 81 s6s for demand.
The total sales of stocks to-day were 247,276
shares including the following: Canada South
ern. g. 765; Delaware, Lackawanna 81 Western,
s222; Fort Worth & Denver. 5000; Hooking Val
ley, lO,32s: Lake Shore, s,797; Louisville & Nash
vile. II 320; Northwestern. 9. $50; New Jersey
Central, 5.400; Oregon & Transcontinental.
5.3l5 Reading, II. 100; St. Paul. 1l.4lo; st. Paul
g. Omaha. 8, 1873; Union Pacific, 900; Western,
Union. 8 $50
The new week opened on the Stock Exchange
With quiec market. in which the bullish senti
ment predominated. The course of prices was
upward during the forenoon, and many stocks
reached higher figures than had before been seen
on the present advance. The limited buying
was of good quality but the foreigners were
doing little or nothing. except in Union Pacific
and Wabash preferred. The forenoon's improve
ment. however upon the circulation OF rumors
Of labor riots in Chicago, was nearly wiped out.
To this effect free realizations also aided, but
when the rumors were shown to be false, fur
Their improvement was the immediate result.
The fluctuations in the majority of the active
lists were comparatively small, though a few
stocks made large advances. Among these may
be noted Marshall G oal which was admitted
dealing last week, and which is now being SUD-
jected to manipulation. Others prominent In
the advance were Rock Island and Pullman.
Others IN the general list showing considerable
strength Northwestern, Lake Shore aud
Canada Southern. the latter being affected BY a
rumor that traffic arrangement had been made
with the Wabash that would throw considerable
business over the road.
The opening was generally firm, but there
inclination TO heaviness in the early
trading and slight losses were sustained. the
market quickly rallied under the lead of Hook
ing Valley and Louisville s. Nashville. The
heavy tone renewed before noon. however.
Rock Island being conspicuous exception. The
market became comparatively dull and so re-
NAMED during the continuance of the depres
sion, in which Jersey Central and Norfolk &
Western preferred were prominent. In the last
hour, upon a somewhat more active trading,
there was fractional Improvement and the mar
ket closed moderately active and firm at some
thing better than the opening figures. Closing
prices show a few declines for Insignificant frac-
tions, while thu great bulk of the list materi-
ally higher. Marshall Coal gained 81: Rock ISL
and, 81, and Louisville 81 Nashville per cent.
Railroad bonds were active to-day, the sales
acgreeatine 81. 107, 900. The special feature was
Atlantic & Pacific incomes. which were active
and strong upon the increased earnings of the
road and the fact that nothing but the first mort
gage is now ahead of them. Their sales to-day
aggregated 81. 1872, 900 Ohio Southern incomes
sales reaching 1868, 900 Though the market
was for the most part. firm, considerable irreg-
ularity shown. Ohio Southern incomes
rose 34, to SOL: Atlantic q Pacific incomes. IL, to
374; Alton IL Terre Haute dividend bonds. 24, to
45; Texas Central firsts of 1911, s. to so; l. B. g.
w. leastern divisIon), sizes, p. to 96s; and
LehIeh 81 Wilkesbarre assented 2, to ia
Both government and State bonds were dull
and steady. Closing quotations were: